The NGX continued its bullish run as the All-Share Index appreciated by 1.57%, gaining 1,618.98 to close at 104,421.23 points on Friday.
The market breadth was positive , as there were 61 gainers, against 12 losers, whilst the market’s bullish performance was led by Dangote Sugar which gained 7.17%, and banking stocks which recorded remarkable gains.
In terms of trading volume, there was a 26% increase to 943.51 million units from Thursday’s 749.13 million units. And in terms of trading value, there was a 97% increase to N23.48 billion, from Thursday’s N12.16 billion.
Furthermore, Trading activities in the past week also ended on a positive note with investors gaining about N1.12tn, as companies begin to reel out their financials.
Again, both the Nigerian Exchange All-Share Index and market capitalization appreciated by 1.97per cent and 2 per cent to close the week at N57.16tn. Despite recording two days of bearish trading, which resulted in a combined loss of N1.93bn.
Investors reacted strongly to early filers of annual reports, which led to heightened trading volumes and mostly positive market breadth.
The resurgence of buying interest, particularly in banking stocks, propelled the market past the 104,000 thresholds.
The market year-to-date return improved to 39.7 per cent, on a sectoral basis, the performance for the week displayed a mixed picture, with three out of the five sectors experiencing declines.
However, banking and insurance indexes retreated by 4.52 per cent and 4.07 per cent, respectively, due to price drops in Guaranty Trust Bank Company Plc, Zenith Bank Plc, Royal Exchange Plc and NEM Insurance.
The Oil & Gas index dipped due to waning sentiment in Eterna, resulting in a 2.47 per cent decline.
On a positive note, the Industrial index closed out the week in the green zone as it recorded a 6.36 per cent week-on-week gain, driven by increased prices and buying interest in Dangote Cement and BUA Cement.
The Consumer Goods Index also ended the week positively, rising by 1.30 per cent, fuelled by upward price movements in Meyer Plc and McNichols.
Investors exchanged 3.893 billion units of shares worth N95.15bn in 69,117 deals, higher than 2.981 billion shares valued at N57.87bn that traded the previous week in 67,962 deals.
The financial services industry (measured by volume) led the activity chart with 2.640 billion shares valued at N47.65bn traded in 31,929 deals; thus contributing 67.81 per cent and 50.08 per cent to the total equity turnover volume and value, respectively.
The oil and gas industry followed with 347.962 million shares worth N4.064bn in 5,972 deals and the conglomerates industry came third with a turnover of 337.682 million shares worth N4.709bn in 5,493 deals.
Market Indices
NGX All-Share Index: 104,421.23 points
% Day Change: +1.57%
Day’s Lowest: 102,804.77 points
Day’s Highest: 104,590.52 points
% YTD: +39.65%
Market Cap: N57.16 trillion
Volume Traded: 943.51 million units
Value Traded: N23.48 billion
Top Gainers
TRANSCORP: +10.00% to close at N15.40
STERLINGNG: +10.00% to close at N6.60
NEIMETH: +10.00% to close at N2.09
PZ: +9.97% to close at N36.40
MEYER: +9.97% to close at N4.30
CADBURY: +9.89% to close at N20.00
Top Losers
JOHNHOLT: -10.00% to close at N2.43
MORISON: -9.76% to close at N3.05
NEM: -8.22% to close at N0.67
DEAPCAP: -8.22% to close at N0.67
LASACO: -5.20% to close at N2.55
ROYALEX: -5.06% to close at N0.75
Top Traded Stocks
In terms of trading volume, FBNH (+9.85%) led with 338.84 million units, followed by GTCO (+2.09%) with 80.61 million units, TRANSCORP (+10.00%) with 54.98 million units, UBA (+4.48%) with 49.56 million units, and ACCESSCORP (+8.22%) with 38.82 million units.
Concerning value, FBNH (+9.85%) led with N8.88 billion, followed by GTCO (+2.09%) with N3.34 billion, NESTLE (+0.92%) with N2.10 billion, UBA (+4.48%) with N1.42 billion, and ZENITHBANK (+2.33%) with N1.26 billion.
